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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 31,464 sqft
Price per Sqft $42
Subdivision Mile Reserve
MLS Listing ID B1696651
Construction Status Existing
HOA Y/N No
Year Built 1958
Annual Tax Amount $13,896
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 165X132
Property Sub-Type Apartment
Property Description
Exceptional opportunity to acquire a 42-unit multifamily asset located in the heart of downtown Niagara Falls. Situated directly across from a major hospital, one block from the courthouse, and minutes from Niagara Falls State Park, this property offers unparalleled proximity to major employers, infrastructure, and one of the world's top tourist destinations. This partially completed redevelopment project is primed for a new investor to step in and capitalize. All preliminary work has been professionally completed, including: environmental study, interior demolition & cleanup, rough plumbing.
This project offers flexibility for a range of investment strategies—long-term rentals, short-term furnished units, or mixed-use potential. Ideal for 1031 exchange or portfolio expansion Unlock substantial value-add potential in one of Western New York's fastest-growing markets. All the groundwork is done—bring your vision and complete the project. Offered As-Is. Serious Inquiries Only.
Location
State NY
County Niagara
Community Mile Reserve
Area Niagara Falls-City-291100
Zoning C2-A
Interior
Heating Other, See Remarks
Cooling Other, See Remarks
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Flat,Membrane,Rubber
Total Parking Spaces 3
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Public Sewer
Water Public
Construction Status Existing
Schools
School District Niagara Falls
Others
Tax ID 291100-159-022-0003-052-000
Acceptable Financing Cash, Rehab Financing
Listing Terms Cash, Rehab Financing
Special Listing Condition Standard
Nearby Locations
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